Saudi Arabia Flag SAUDIA ARABIA: Most Gulf Cooperation Council (GCC) economies are expected to post steady growth in 2025 and 2026, supported by rising oil production, according to a Reuters poll of economists who have upgraded their outlook for Saudi Arabia, the region’s largest economy. Following a series of production cuts since early 2023, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are now reversing course, raising their collective output

United Arab Emirates UAE: The International Monetary Fund (IMF) has upgraded its economic growth forecast for the United Arab Emirates, projecting GDP to expand by 4.8% in 2025 and 5.0% in 2026, reflecting stronger activity across both oil and non-oil sectors. The revision follows consistent economic resilience and ongoing diversification efforts, which continue to position the UAE as one of the fastest-growing economies in the Gulf region. According to the IMF, the UAE’s rob

Saudi Arabia Leads GCC Projects Market in Q3 2025 Saudi Arabia: Saudi Arabia led the Gulf Cooperation Council’s projects market in the third quarter of 2025 with USD 28.1 billion in contract awards, accounting for 51.3 percent of total GCC activity, according to Kamco Invest. Total GCC awards dropped 27 percent year-on-year to USD 54.8 billion, while nine-month figures fell 30.5 percent to USD 154.4 billion. In Saudi Arabia, power projects topped USD 9.8 billion, constructio

Bahrain Launches Second Phase of Residential Project in Madinat Salman Bahrain: Bahrain’s Ministry of Housing and Urban Planning has launched the second phase of its Advanced Generation Residential Buildings Project in Madinat Salman, which will deliver 432 new apartments for citizens following the successful completion of Phase I comprising 1,382 units, reported BNA. Minister Amna bint Ahmed Al Rumaihi said the initiative aligns with the Government Programme (2023–2026) unde

LG Electronics Begins Local Production of Air Handling Units in Saudi Arabia Saudi Arabia: LG Electronics has commenced mass production...

Azizi Developments Partners with Faisal Jassim Industries to Deploy Reflex Polska Air Separators Across Dubai Projects UAE: Azizi...

Saudi Arabia introduces five-year freeze on annual rent in Riyadh Saudi Arabia: Saudi Arabia has introduced new regulations for the...

India and UAE to Finalise Local Currency Trade and Payment System Integration India/UAE: India and the United Arab Emirates (UAE) are set...

RAK Ceramics Reports Q2 2025 Financial Results UAE: RAK Ceramics PJSC announced its financial results for the second quarter ending 30...

Ratifies Kigali Amendment Saudi Arabia: Saudi Arabia has ratified the Kigali Amendment, becoming the 166th country to join the agreement...

LG Teams Up with SHAKER and DATAVOLT for AI Data Center Cooling in Saudi Arabia Saudi Arabia: LG Electronics (LG) CEO William Cho has...

AZIZI Developments UAE: Azizi Developments has extended its partnership with Finpower Aircon, a UAE-based HVAC solutions provider. Under...

Saudi Entities Sign Agreement To Expand Homeownership Opportunities Saudi Arabia: Saudi Arabia’s Real Estate Development Fund (REDF), the...

Empower to Build New District Cooling Plant at Dubai Science Park UAE: Emirates Central Cooling Systems Corporation PJSC (Empower) has...

UAE Developers Increasingly Turn To In-House Contracting UAE: Developers in the United Arab Emirates are increasingly establishing...

Bahrain Sets Ambitious Target to Build Over 7,000 Housing Units Within Two Years Bahrain: Bahrain has launched an ambitious plan under...

Talabat mart Opens the Middle East’s largest q-commerce distribution center Egypt: Talabat mart, the grocery and retail division of...

Al-Futtaim to Acquire 49.95% Stake in Cenomi Retail Saudi Arabia: Al-Futtaim, a private business group based in the United Arab Emirates,...

Relocates Capital to Chinese-Built Desert City Egypt: Egypt relocates its capital from Cairo to a newly built desert city, with China...

LG Electronics Saudi Arabia: LG Electronics has signed a joint research agreement with Saudi Arabia’s Shaker Group, King Saud University,...